World Bank reappoints Kim to five-year term as president
- Dow, S&P hit highs; Trump comment hammers drug stocks
- Unusual 11 Mid-Day Movers 12/7: (ANTH) (EMKR) (PLAY) Higher; (SIGM) (OHAI) (FTK) Lower
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Western Digital (WDC) Raises Q2 Outlook
- Biotech, Pharma Stocks Weaker Amid Trump Comments on Lower Drug Prices
World Bank President Jim Yong Kim arrives at the Elysee Palace in Paris, France, August 29, 2016. REUTERS/Charles Platiau
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
WASHINGTON (Reuters) - The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the multilateral development lender after the nomination period closed without any challengers coming forward.
Kim, an American citizen, was unanimously chosen by the bank's executive directors for a term that begins on July 1, 2017, the World Bank said in a statement.
(Reporting by Timothy Ahmann; Editing by Alan Crosby)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump inauguration protest groups demand access to Washington sites
- AT&T touts Time Warner merger at Senate hearing
- Black swans and bonanzas: Market tips, bold calls and eyecatchers for 2017
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!